The price of soybeans on the Chicago Grain Exchange registered an increase of 7.25 cents on Tuesday (27/09) in the November/16 contract, closing at US$ 9.525 per bushel. The January/17 contract also rose 7.25 US cents, while the March/17 contract rose 8.00 US dollar cents.
On a day of high volatility, the North American soybean market ended the session with gains in the main futures prices. With unattractive prices, producers are holding back on the supply of the new harvest, which causes ephemeral increases like the one recorded at yesterday's closing.
Source: Agrolink
